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Funding for India's EV sector fell by half in 2024, yet optimism remains for future growth.
Funding for India's electric vehicle (EV) sector dropped to $586 million in 2024 from $808 million in 2022, halving due to policy changes and slowing sales growth.
The PM-E Drive Scheme, replacing subsidies from the FAME-II program, targets 30% EV penetration by 2030.
Despite challenges, investors remain optimistic about growth in segments like component manufacturing and charging infrastructure.
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El financiamiento para el sector de EV de la India cayó a la mitad en 2024, sin embargo, el optimismo para el crecimiento futuro permanece.